Plan to raise Rs 7,500 crore from domestic institutional and retail investors.

Real estate funds back in vogue

Business Standard

Ananta Capital, an alternative investment fund set up in August last year, is raising a total of $150 million for its two funds &mdash; a pledge fund focused on private equity deals, and an equity fund dedicated to stake acquisitions in publicly-traded companies.

Ananta Capital raising $150 mn for two funds

Seek stability of the HTM regime, clarity on rating action.

Banks seek comfort on infra bonds

The Reserve Bank of India (RBI) on Tuesday said it was not considering imposition of Tobin Tax at present, but the proposal was not off the table.

'No Tobin Tax now, but proposal not off the table'

Private sector lender YES Bank recorded a 74.8 per cent increase in net profit to Rs 140 crore for the quarter ended March 31, compared to Rs 80.1 crore a year ago, pertaining to strong growth in fee income and interest income.

YES Bank net up 75%

Riding on low cost of distribution, SBI Life Insurance, the largest private life insurer, posted a net profit of Rs 276 crore for the financial year ended March 31, 2010. It had reported a net loss of Rs 26 crore in 2008-09, arising out of adverse market conditions.

SBI Life back in black

Public sector lender Dena Bank posted a 23.39 per cent increase in net profit to Rs 137.07 crore for the quarter-ended March 31, compared with Rs 111.17 crore in the corresponding period a year ago. The rise is mainly attributed to robust interest and other incomes.

Dena Bank net up 23%

Pave way for defined contribution pension scheme.

Banks, unions ink wage hike deal

Banks consider dynamic lending rate system based on credit history.

Well-behaved borrowers may pay less for loans

The Pension Fund Regulatory Development Authority (PFRDA) is likely to allocate Rs 4,100 crore in 2010-11 among the three pension managers, State Bank of India, UTI Mutual Fund and LIC Mutual Fund. Last year, the regulator had allocated Rs 3,700 crore.

PFRDA may raise allocations for fund managers

Importance of bid fees far less; stress on technical record and expertise.

I-bankers upbeat on new selection norms for PSU divestment

The government announced the auction of new 10-year sovereign bond on Monday to end all speculation with regard to the issuance of a fresh bond, a senior finance ministry official said on Tuesday. The price of the existing 10-year security&mdash;6.35 per cent 2020&mdash;was being hammered for some time now, as the market anticipated issuance of a new 10-year bond. The large selling in the 10-year bond has also distorted the yield curve.

New 10-year bond to end uncertainty: FinMin

Irda directive follows criticism over high levies.

Insurers to provide ulip commission details

The sovereign rating downgrades for Greece and Portugal are likely to push up the cost of overseas borrowing for Indian companies, albeit temporarily.

Overseas fund-raising to cost more

As Standard and Poor&rsquo;s today downgraded Greece&rsquo;s credit rating to junk status and cut Portugal&rsquo;s rating by two notches to A-minus, the domestic bourses are likely to feel the heat tomorrow.

Bourses may feel S&P's rating heat

Every day, in the context of exchange rate management in India, one comes across proponents of a model called REER. REER has been, and continues to be used, to justify a weak rupee without regard to the fact that it is an inherently flawed model that has been abandoned across the world. However, knowledge of these flaws doesn&rsquo;t stop influential proponents like Dr Shankar Acharya (Read: Indifference about the big rupee rise?) from screaming murder whenever the rupee appreciates.

Is the REER model of any use?

LIC Housing Finance (LICHF) has reported 35.51 per cent growth in net profit at Rs 231.51 crore for the quarter ended March 31, compared with Rs 157.56 crore a year ago.

LIC Housing profit up 35.5%

The government-run Power Finance Corporation (PFC) wants to increase its presence in the rapidly growing renewable energy sector. The company plans to incorporate a subsidiary to focus on non-conventional energy sources such as wind power, solar and biomass projects.

PFC plans arm to fund green projects

Rising interest rates, revival in investment plans may reverse the trend.

Banks see rise in Casa share

Housing Development Finance Corporation&rsquo;s (HDFC&rsquo;s) board of directors will consider a proposal to split the mortgage lender&rsquo;s shares when it meets next on May 3, according to statement filed with the Bombay Stock Exchange (BSE).

HDFC plans stock split

The yield on government bonds fell today on rating downgrade for Greek sovereign bonds and indications of a drop in headline inflation for April.

Gilt yields soften on Greek downgrade

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